In 2023, the import of activated carbon to South Korea stood at 130.74 Million US Dollars. Over the last two years (2021-2023), the year-on-year variation showed an increase of 2.59%. The compound annual growth rate (CAGR) for the past five years has averaged 2.25%. The value fluctuated over the decade, witnessing a notable high in 2018 and a significant dip in 2020, yet followed by a recovery trend.
Projection from 2024 to 2028 indicates steady growth at a forecasted 5-year CAGR of 1.96%, culminating in a total growth rate of 10.21% over this period. By 2028, imports are expected to reach 147.6 Million US Dollars.
- 2013: Notable increase of 20.25% YoY, reaching 110.2 Million US Dollars
- 2015: Slight decline observed, with -3.89% YoY variation
- 2020: Significant dip with a -14.52% YoY variation
- 2021: Rebounding trend with a 17.72% YoY increase
- 2023: Minor increase of 2.59% YoY
Future Trends to Watch For: It is crucial to monitor global market dynamics such as trade regulations, technological advancements in activated carbon production, and environmental policies that may influence both supply chains and demand trends. An increasing focus on sustainability and pollution control could drive higher demand for activated carbon imports in South Korea.
